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DOWNMOVE CONTINUE

Nifty  slips down further losing 18 odd points and closing today's session at 5109.The broader stood negative with 491 advances to 979 declines.The market posted a gap down opening following  weak negative global cues.The day progresses with further slide down till the bounce from a support.As i said in my yesterdays post that markets will trade sub 5100 and take support around 5070 level,the market followed the same today.
                                      Currently the markets are trading below the 20 and 40 DMA levels opening  bearish alternatives for short term,since the 200 DMA is respected yet panic selling is capped.The charts are turning bearish day by day,but since the markets have taken support of 5070 level  and keeping in  view the expiry in feel markets to trade sideways.
                                                             I feel that market may end in green on expiry

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